INDIAN MARKET WRAPUP- 29 DEC 2014

INDIAN BENCHMARKS gain for second day as metals shine

INDIAN EQUITY BENCHMARKS  rose for the second consecutive session on Monday, led by metals and mining firms such as Tata Steel on expectations the government would pass executive orders to ease land acquisition rules and auction minerals such as iron ore. The S&P BSE Sensex and CNX Nifty ended 0.57%-0.56% higher each.                                                                         

1. Shares of Gujarat Pipavav Port soared 10% to Rs199, also is record high on ( NSE), on back of heavy volumes.
2. Career Point gains 11% on signing MOU with Govt of Rajasthan.
3. Aban Offshore rallies 15% on rating upgrade.

The crucial resistance for Nifty is now seen at 8375 and above this 8425. Support for the immediate term is now placed at 8285 and next support will be 8210.